astral
Short

S&P 500 Begging for Down

CME:SP1!   S&P 500 FUTURES
This current bubble has overextended itself to ridiculous levels. This thing will come down, hard. Look for double tops and bearish chart patterns coming in the next weeks, and months. Tread carefully.

To further this situation, gold             and silver             are sitting like a coiled spring, ready to pounce on this move. Check out my other idea here.

Silver Ready to Sky Rocket
In terms of timing it's 7 or 6 years since previous RSI peaks. Q: How does QE compare to QE prior to those previous peaks?
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astral jago25_98
QE3 is supposed to be an indefinite package of money printing. "Until things get better"
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My short is at 1922... wondering if this is too early or late. Probably better to position by time rather than just price.
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astral jago25_98
Yes... I know of a billionaire who holds a $1.83 billion dollar put on the S&P and he's bag holding from a lower level. He's not scared whatsoever. I'd say hold your short.
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QE3 has also been much less effective for the economy relative to the prior policies placed. I think a correction is around the corner...within coming months. Good picture apmex.
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astral Tech time
Thanks
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